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Metanor Resources Inc.: New Gold Corridor at Bachelor Mine 51 of 3,354 Breaking News Alert Trash x Stockboard via amazonses.com 1:10 PM (3 hours ago) to me Unsubscribe Breaking News Alert March 12, 2015 Metanor Resources Inc.: New Gold Corridor at Bachelor Mine Metanor Resources Inc. TSX VENTURE: MTO VAL-D'OR, QUEBEC--(Marketwired - March 12, 2015) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to announce that it has identified a new corridor with gold grades, located 860 m south of the Bachelor Mine. This new structure was followed on a distance of 400 m long based from 4 drill holes from surface. As a reference, the gold structures presently mined at Bachelor are averaging 275 m long. More than 80 cuts grading gold between 0.5 and 10.9 g/T were obtained in these holes (see attached table). The geological context in the 4 holes presents similitude with the gold structures at the mine which are associated with hematized shears containing 1 to 8% of fine pyrite. This new structure is located directly beside the limit of the high power inversed polarisation (HP IP) geophysical survey completed in the fall 2014. The presence of the tailing pond prevented the full coverage of the area with the geophysical survey. However, a HP IP trend is located 400 m east of the corridor identified by the 4 holes. No hole has been drilled between the new gold corridor and the geophysical conductor. Metanor plans to concentrate it next surface exploration activities in this sector which present the best discovery potential on the Bachelor Property. Hole No From (m) To (m) Length* Grade (g/t Au)** Remark Bw-13-13 36.95 37.70 0.75 7.62 Foliated Basalt + 4% Pyrite (Py) 186.0 186.5 0.50 2.05 Hematized (hem) Basalt + 6% Py 249.00 250.50 1.50 2.35 Hem Tuf + 3% Py 352.95 353.25 0.30 2.47 Hem Tuf + 1% Py 413.60 414.00 0.4 9.90 Hem O'Brien Intrusion + 3% Py 476.85 477.15 0.30 10.90 Hem O'Brien Intrusion + 2% Py Bw-13-19 217.90 220.20 2.30 5.78 Hem sheared (sh) Tuf + 1% Py 311.95 312.90 0.95 2.43 Hem O'Brien Intrusion + 5% Py Hw-13-37 57.10 60.00 2.90 4.71 Hem sh Tuf + 1 to 7% Py including 58.40 59.45 1.05 7.88 66.10 66.70 0.60 2.94 Hem Tuf + 8% Py 73.00 74.35 1.35 2.66 Hem Tuf + 4% Py 189.75 190.15 0.40 6.77 Hem Tuf + 8% Py 324.30 324.80 0.50 3.02 Hem Tuf + 1% Py Hw-13-43 184.10 184.50 0.40 2.05 Hem Tuf + 3% Py 230.80 231.15 0.35 2.06 Hem Basalt fractured + 8% Py 263.20 263.50 0.30 6.38 Hem Basalt + 2% Py * Core length ** Grade > 2.0 g/t The true width is between 50 and 75% of the core length obtained in diamond drill holes. The cap-off grade used in the analysis is 51.5 g/T or 1.5 oz Au. The samples were assayed by fire-assay at the Metanor assay lab. The quality control program of the assay results (QA QC) adopted by Metanor includes a minimum of 10% of controlled assays being conducted as well as verification by an independent external assay lab. About Metanor Metanor is a Canadian based gold mining company with a focus on adding value per share through efficient production, exploration, and development of it properties. Qualified Person Pascal Hamelin, P.Eng, Vice-president of Operations, is the Qualified Person under NI 43-101 responsible for reviewing and approving the technical information contained in this news release. |
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| aus der Diskussion: | Metanor Resources Inc - neue chance |
| Autor (Datum des Eintrages): | kaliho (12.03.15 16:53:45) |
| Beitrag: | 3 von 5 (ID:49312865) |
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